Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

SOFE AFE Exam - Topic 3 Question 73 Discussion

It refers to items such as interest paid on proceeds from the date due to the date actually disbursed, and to interest on premium deposit funds. These interest items are reflected by the increase in reserves or liability, from one year to the next. What is it?
D) B or C
A) Interest contract funds
B) Interest on policy
C) Contract funds

SOFE AFE Exam - Topic 3 Question 73 Discussion

Actual exam question for SOFE's AFE exam
Question #: 73
Topic #: 3
[All AFE Questions]

It refers to items such as interest paid on proceeds from the date due to the date actually disbursed, and to interest on premium deposit funds. These interest items are reflected by the increase in reserves or liability, from one year to the next. What is it?

Show Suggested Answer Hide Answer
Suggested Answer: D

by Wilda at Apr 21, 2024, 07:13 PM

Limited Time Offer

25%

Off

Get Premium AFE Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Vivan
7 months ago
This relates to how reserves change year over year.
upvoted 0 times
...
Mozell
8 months ago
Interesting, but I didn't know interest could be so complicated!
upvoted 0 times
...
Alline
8 months ago
Wait, are we sure it's not C?
upvoted 0 times
...
Skye
8 months ago
I think it's definitely B!
upvoted 0 times
...
Venita
8 months ago
Sounds like it's about interest on policy funds.
upvoted 0 times
...
Fannie
9 months ago
This is tricky! I feel like I studied something similar, but I can't recall the exact terms used.
upvoted 0 times
...
Susana
9 months ago
I'm leaning towards option D because it mentions both B and C, which could cover more ground.
upvoted 0 times
...
Solange
9 months ago
I remember a practice question about interest on contract funds, but this wording feels a bit different.
upvoted 0 times
...
Mabel
9 months ago
I think this might be related to interest on policy, but I'm not entirely sure if it covers all the details mentioned.
upvoted 0 times
...
Fidelia
9 months ago
This question is a bit tricky, but I think I can figure it out. The key details seem to be the references to interest paid, reserves, and liability. That makes me think it's related to some kind of financial or insurance contract, so I'm going to go with option D and select "B or C".
upvoted 0 times
...
Lynsey
9 months ago
Okay, I think I've got this one. Based on the description of "interest paid on proceeds" and the increase in reserves or liability, this sounds like it's referring to the "Contract funds" that accumulate on an insurance policy. I'm going to go with option C.
upvoted 0 times
...
Marshall
9 months ago
Hmm, this one has me a bit stumped. The wording about "interest paid on proceeds" and "increase in reserves or liability" makes me think it's related to some kind of insurance or financial contract, but I'm not totally sure. I'll have to read through the options carefully.
upvoted 0 times
...
Karl
9 months ago
This question seems to be asking about some kind of interest-related item on an insurance policy or contract. I'll need to think carefully about the details provided to determine the best answer.
upvoted 0 times
...
Kanisha
9 months ago
This question seems straightforward, I think the answer is C - unique email addresses and/or display names in the search results.
upvoted 0 times
...
Willis
10 months ago
Okay, let's see. I think the key is to connect the maps in Resource Scheduling and then configure the map on the Schedule Board. That should give me the ability to schedule resources and enable geocoding.
upvoted 0 times
...
Taryn
1 year ago
Hmm, I wonder if the correct answer is 'Compound Interest on the Tears of Actuaries'? That's always a good one to look out for.
upvoted 0 times
Willow
1 year ago
D) B or C
upvoted 0 times
...
Julio
1 year ago
C) Contract funds
upvoted 0 times
...
Margery
1 year ago
B) Interest on policy
upvoted 0 times
...
Bulah
1 year ago
A) Interest contract funds
upvoted 0 times
...
...
Janine
1 year ago
Wait, is this a trick question? What if the answer is actually 'Interest on Spiderweb Deposits'? You never know with these insurance exams!
upvoted 0 times
Nikita
1 year ago
D) B or C
upvoted 0 times
...
Toshia
1 year ago
C) Contract funds
upvoted 0 times
...
Nidia
1 year ago
B) Interest on policy
upvoted 0 times
...
Carisa
1 year ago
A) Interest contract funds
upvoted 0 times
...
...
Melvin
1 year ago
Ah, I think I've got it! It's gotta be the increase in reserves or liability from one year to the next. Definitely going with D.
upvoted 0 times
Broderick
1 year ago
User 3: I'm going with D, it includes both B and C.
upvoted 0 times
...
Leota
1 year ago
User 2: Yeah, that makes sense. I think it's either B or C.
upvoted 0 times
...
Nada
1 year ago
User 3: I agree with Tasia, it's either contract funds or interest contract funds.
upvoted 0 times
...
Tasia
1 year ago
User 2: I'm going with interest on policy.
upvoted 0 times
...
Levi
1 year ago
User 1: I think it's interest contract funds.
upvoted 0 times
...
Cecilia
1 year ago
User 1: I agree, it's all about the increase in reserves or liability.
upvoted 0 times
...
...
Emile
1 year ago
Woah, I've never heard of 'interest contract funds' before. That's a new one on me!
upvoted 0 times
...
Rory
1 year ago
Hmm, this seems to be about interest on insurance policies. I'd guess B or C would be the correct answer.
upvoted 0 times
Osvaldo
1 year ago
Yes, that makes sense. It refers to interest on policy or contract funds.
upvoted 0 times
...
Benedict
1 year ago
So, the answer would be either B or C.
upvoted 0 times
...
Jacob
1 year ago
I agree, it could also be contract funds.
upvoted 0 times
...
Christene
1 year ago
I think it's interest on policy.
upvoted 0 times
...
...
Josue
1 year ago
But the question also mentions contract funds, so maybe it's D, B or C.
upvoted 0 times
...
Ben
1 year ago
I believe it could be interest on policy.
upvoted 0 times
...
Josue
1 year ago
I think it's interest contract funds.
upvoted 0 times
...

Save Cancel